19/10/2017 10:22 AST

The world’s biggest sovereign wealth fund has warned Britain against watering down its listing rules to accommodate Saudi Aramco, describing such proposals as “a step back in terms of investor protection”.

In a letter to the Financial Conduct Authority, Norges Bank Investment Management, of Norway, threw its weight behind the growing investor revolt against proposals to create a new category of premium listing.

The category would be designed for companies controlled by sovereign nations and would dilute rules to protect minority shareholders. It is widely seen as a measure to enable the initial public offering of Saudi Aramco, the state-owned oil giant, which is seeking to list 5 per cent of its shares in an attempt to raise $100 billion.

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The Times

Saudi Aramco unit hosts first graduation ceremony

19/09/2018

Saudi Aramco, a world leader in integrated energy and chemicals, said one of its units, Saudi Arabian Drilling Academy (Sada) held its first graduation for a cohort of 132 students representing 34 dr

Trade Arabia

Aramco, Schneider sign agreement for 4IR solutions

17/09/2018

Saudi Aramco and Schneider Electric Saudi Arabia have signed an agreement to pursue a variety of Fourth Industrial Revolution (4IR) solutions under the Digital Transformation Program led by Saudi Ara

Trade Arabia

Aramco awards contract to build drilling islands to sustain target oil capacity

12/09/2018

Saudi Arabian Oil Company (Saudi Aramco), in its bid to produce an additional 250,000 barrels per day of Arabian Light crude oil from the Berri Oil Field to reach 500,000 barrels per day to maintain

Saudi Gazette

Ticker Price Volume
QNBK 175.00 253,804
SABIC 118.60 3,051,555
WALAA 23.70 381,943
SACO 71.00 167,636
EEC 17.96 1,356,411
STC 81.90 322,056
ALMARAI 48.20 592,230
Ticker Price Change
FOOD 0.00 0.00 (0.00%)
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Times of Oman

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Barwa Real Estate takes part in Qatar-Russia 2018 Year of Culture

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Barwa Real Estate Group, one of the leading real estate and investment companies in Qatar and the region, participated in the Qatar-Russia 2018 Year of Culture, where a seminar entitled “Qatar: No Li

The Peninsula

Saudi Aramco unit hosts first graduation ceremony

19/09/2018

Saudi Aramco, a world leader in integrated energy and chemicals, said one of its units, Saudi Arabian Drilling Academy (Sada) held its first graduation for a cohort of 132 students representing 34 dr

Trade Arabia